By Willard W. Hughes, The Chicago Times
July 8, 2022
WASHINTON — Nonfarm payrolls increased 372,000 in June which beat the Dow Jones estimate of 250,000, according to data from the Bureau of Labor Statistics. The unemployment rate remained flat at 3.6% from May.
Nonfarm payrolls in May were revised down to 384,000 leaving analyst to wait to see if June’s numbers will also be revised.
Average hourly earnings increased 0.3% in June, which is 5.1% higher from last June.
Government sponsored sectors, education and healthcare services, dominated in job creation with 96,000 hires. Professional and business services added 74,000 positions.